A typical New York dealer may buy his rough in Russia, send it to China to be manufactured, send it to the Gemological Institute of America (GIA) in Carlsbad, California, to have it certified, and back to New York, and then might have it shipped out to Hong Kong to sell it to the Far East market and send the funds back to New York. So New York is essentially part of the global village.
- Hertz Hasenfeld
www.hasenfeld-stein.com
Spot on.
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